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Premier Explosives bags largest export order yet; share price up 7%

The order includes supply of RDX and HMX derivatives, to be executed in 5 months.

November 27, 2019 / 02:03 PM IST
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Premier Explosives share price gained 7 percent intraday on November 27 after the company bagged an order from a Turkey-based company.

The company has bagged an order worth $9.63 million from Elmas Savunma Sanayii Ve Havacilik Ticaret Limited, Ankara, Turkey, company said in a release.

The order includes supply of RDX and HMX derivatives, to be executed in 5 months.

This is the largest export order received by the company so far, it added.

At 13:34 hrs Premier Explosives was quoting at Rs 161.55, up Rs 10.60, or 7.02 percent on the BSE.

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The share price fell 36 percent in the last 1 year.
Moneycontrol News
first published: Nov 27, 2019 02:03 pm

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